3 Stocks Set to Gain From Oil Price Surge Amid Middle East Tensions
COPConocoPhillips(COP) ZACKS·2024-10-11 00:11

Rising oil prices, driven by escalating geopolitical tensions in the Middle East, are fueling a renewed push in the upstream sector. The fear of significant disruptions to global oil supply, exacerbated by recent developments such as the Israeli strikes on Iranian-linked assets in Syria, intensified concerns over the stability of production in the region.This propelled crude oil prices upward, with further support coming from the production cuts implemented by the Organization of the Petroleum Exporting Cou ...